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CME June lean hog futures rose for a third straight session to within a penny of a contract high, settling at 107.95 cents per pound. Gains came as broader commodities rallied and the US dollar softened, with support from Chinese economic data and a smaller US breeding herd.
A tighter hog supply and firmer demand outlook support hog prices, which lifts the cost of pork-based feed inputs for buyers.
grainews.caApr 23, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
